3 ms·

Any lending for profit is dangerous and predatory. You mock religions, but fail to defend your point. We're literally living the destruction and huge gaps and w

Any lending for profit is dangerous and predatory. You mock religions, but fail to defend your point. We're literally living the destruction and huge gaps and wage issues caused by interest, yet no one is batting an eye. I feel sorry for humanity at times. You're arguing against a strawman. I never said that people will be forced to lend money without compensation. With 0% interest rates, any lending will be purely out of charity. If people want to make money, they will invest it, as we've been doing for millenia. Invested in moral ways. There exist today developers who will sell property in installments, without upping the price. I've seen this in at least one West Asian country, and I wouldn't be surprised if it were more commonplace.

betwixthewires 6y ago
I'm not who you're responding to, but you've yet to defend your assertion, that lending for profit is always predatory, and your assertion that "we have known for centuries" by way of bronze age cults (in my opinion) that this is indisputable fact. It isn't indisputable, defend your point. I'm not calling you stupid or anything like that, but you're showing that you do not quite understand how lending and markets and even investing works. You're ignorant on this topic and I strongly advise you to do a lot of reading on it.
- selimthegrim 6y ago
  His stated position is that war spoils are more ethical than interest because the raiding party shares the risks and profits equally
  - gher-shyu3i 6y ago
    Who said anything about war spoils?
    - selimthegrim 6y ago
      You did when you said maal-e-ghanimat was equal risk to all participants
      - gher-shyu3i 6y ago
        Where? Plus, "maal e ghanimat" is invalid Arabic.
        selimthegrim 6y ago
        Fine, ghanimat ul harb I suppose.
        gher-shyu3i 6y ago
        The point remains, you're the one bringing up the spoils of war straw man. Not sure what this has to do with the discussion that interest is bad.
- gher-shyu3i 6y ago
  I'm aware of how things work. The fact of the matter is that even if we go back not long ago to pre-WWII, we see a certain individual produce a huge economic recovery by banning interest, among other things: https://www.youtube.com/watch?v=Io2a4SOX22Y https://www.youtube.com/watch?v=Io2a4SOX22Y

betwixthewires 6y ago

I'm not who you're responding to, but you've yet to defend your assertion, that lending for profit is always predatory, and your assertion that "we have known for centuries" by way of bronze age cults (in my opinion) that this is indisputable fact. It isn't indisputable, defend your point. I'm not calling you stupid or anything like that, but you're showing that you do not quite understand how lending and markets and even investing works. You're ignorant on this topic and I strongly advise you to do a lot of reading on it.

selimthegrim 6y ago
His stated position is that war spoils are more ethical than interest because the raiding party shares the risks and profits equally
- gher-shyu3i 6y ago
  Who said anything about war spoils?
  - selimthegrim 6y ago
    You did when you said maal-e-ghanimat was equal risk to all participants
    - gher-shyu3i 6y ago
      Where? Plus, "maal e ghanimat" is invalid Arabic.
      - selimthegrim 6y ago
        Fine, ghanimat ul harb I suppose.
        gher-shyu3i 6y ago
        The point remains, you're the one bringing up the spoils of war straw man. Not sure what this has to do with the discussion that interest is bad.
gher-shyu3i 6y ago
I'm aware of how things work. The fact of the matter is that even if we go back not long ago to pre-WWII, we see a certain individual produce a huge economic recovery by banning interest, among other things: https://www.youtube.com/watch?v=Io2a4SOX22Y https://www.youtube.com/watch?v=Io2a4SOX22Y